- US Yields fail to hold higher
- USDJPY is at a critical around 100 which looks likely to break
- DXY appears to be headed south initially towards the brexit level at 94.76, and possibly 94
- Gold will rally under any such scenario, yet it remains below the July 8th / August 2nd lows in USDJPY
Expect gold to catch up to the July 8th / August 2nd highs ( USDJPY lows) imminently, and rally to new highs (1375) if USDJPY closes below 100. Long gold with a stop on close below 1335.
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